Verizon CEO dismisses rumors of Yahoo renegotiation, calls hack ‘not that shocking’

“It’s not a question of if you’re going to get hacked – it’s when you’re going to get hacked.” With that surprisingly candid statement meant to underplay the “material impact” of the recently uncovered Yahoo cyber-attack on a faltering giant Verizon intends to revive… somehow, Big Red’s CEO effectively rubbished New York Post’s “total speculation.”

Still, Lowell McAdam, the head honcho of America’s largest wireless communications service provider, shrewdly left the door open for a likely low-key discussion on previously agreed upon acquisition terms, once “we understand the real facts” of the massive security breach, following an ongoing internal investigation.

Right now, one thing is crystal clear in Verizon’s eyes, and that’s the incontestable “real value in the asset” of Yahoo. Otherwise put, nobody’s even considering backing out of the $4.8 billion deal, and if there will be a discount applied to the original price, only some shocking revelation during the inquiry process could amount that to a whopping billion or so.

Mind you, McAdam isn’t easily shocked, forecasting people are eventually “going to realize that this is the state of the way the internet operates.” No matter how hard you try to keep everything under an e-lock and key, skilled and motivated cybercriminals will “occasionally land a punch.” A “punch” exposing the personal info of around 500 million users, in the damning case of this particular Yahoo blunder.

Source: Business Insider

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About The Author
Adrian Diaconescu
Adrian has had an insatiable passion for writing since he was in school and found himself writing philosophical essays about the meaning of life and the differences between light and dark beer. Later, he realized this was pretty much his only marketable skill, so he first created a personal blog (in Romanian) and then discovered his true calling, which is writing about all things tech (in English).